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AGENDA ITEM 2A <br />STAFF ORIGINATOR Al Rolek <br />DATE December 20, 2004 <br />TOPIC Consideration of Resolution No. 04 -189 adopting the Final <br />2004 Tax Levy, Collectible in 2005. <br />Simple Majority <br />VOTE REQUIRED <br />BACKGROUND <br />Truth in Taxation requires the City of Lino Lakes to adopt and certify a final 2004 tax levy, <br />collectible in 2005 on or before December 28th. <br />The total levy includes dollars for the general operating budget as well as dollars for special <br />levies for PERA, tax abatement and general bonded debt. The levy provides resources for <br />salary and wage adjustments, capital outlay and equipment replacement, street <br />maintenance and a contingency for unforeseen emergencies. The levy remains the same <br />as proposed and adopted in September of this year. <br />A Truth in Taxation public hearing was held on the tax levy on December 13. Tax levy <br />information was presented and discussed during the public hearing and public testimony <br />was received. <br />The City Council needs to take final action on the tax levy at this time. Staff <br />recommendation is to adopt Resolution 04 -189 approving the final 2004 Tax Levy, <br />collectible in 2005. <br />OPTIONS <br />1. Approve Resolution No. 04 -189 adopting the final 2004 tax levy, collectible in 2005. <br />2. Refer to Staff for further review. <br />3. Deny Resolution No. 04 -189. <br />RECOMMENDATION <br />Option 1 <br />